TOKYO, Feb. 13 (Xinhua) — Japan’s benchmark Nikkei stock index ended decrease Monday, as tech shares have been dragged down by their U.S. friends, whereas considerations in regards to the new Bank of Japan chief weighed on sentiment.
The 225-issue Nikkei Stock Average dropped 243.66 factors, or 0.88 p.c, from Friday to shut the day at 27,427.32.
The broader Topix index, in the meantime, misplaced 9.29 factors, or 0.47 p.c, to complete at 1,977.67.
Dealers right here mentioned that expertise points together with heavily-weighted parts misplaced floor following the Nasdaq’s drop in a single day.
They additionally mentioned some traders have been in a circumspect temper following news studies that former Bank of Japan Policy Board member Kazuo Ueda has been tapped by the federal government for the place of chief.
BOJ deputy chief Masayoshi Amamiya was broadly regarded as the highest choose and a identified entity, analysts mentioned, including they weren’t overly certain about Ueda’s coverage path or connections with politicians.
Among expertise points shedding floor, chip-testing system maker Advantest dropped 1.6 p.c, whereas Tokyo Electron fell 4.4 p.c.
SmoothBank Group was one other heavyweight loser, ending the day down 1.1 p.c and likewise weighing on the broader market.
By the shut of play, precision devices, steel merchandise and electrical home equipment comprised points that declined probably the most.
The turnover on the primary buying and selling day of the week got here to 2,667.09 billion yen (20.10 billion U.S. {dollars}).